Here is a technical analysis summary for $LINK
/USDT (Perpetual Contract) on Binance:
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🔹 Market Overview
Last Price: $12.983
Mark Price: $12.984
24h Change: -2.16% 🔻
24h High / Low: $13.666 / $12.935
24h Volume:
LINK: 15.61M
USDT: $207.37M
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🔸 Volume & Moving Averages
Current Volume: ~992K
MA(5): 615K
MA(10): 586K
✅ Rising volume, indicating strong participation.
⚠️ However, price is falling → suggests active selling pressure.
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🔹 Support & Resistance Zones
Price Level Type
$13.66–13.91 Resistance Zone
$13.30 Minor Resistance
$12.93 Key Support (24h low)
$12.88 Secondary Support
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⚠️ Technical Bias
Short-Term Trend: Bearish
Price Action: LINK has lost over 5% from the 24h high, now hovering just above strong short-term support at $12.93.
Consolidation Risk: If it loses $12.88, a drop toward $12.50–12.30 is possible.
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✅ Trade Scenarios
🔻 Bearish Breakdown
Entry: Below $12.90
Targets: $12.50 → $12.20
Stop: $13.20
🔼 Bullish Reversal
Entry: Above $13.30 with volume support
Targets: $13.66 → $13.90
Stop: $12.90
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📊 Other Indicators to Watch
RSI / MACD (not provided): Helpful to confirm overbought/oversold conditions.
Correlation to BTC: LINK often follows BTC and ETH swings.
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